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obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want to be the mediator, do we have time for that? can we do that? stay on the other side of the break. i'm starting with the republic
obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made...
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it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >> president obama also proposed a $16 billion of spending cuts. >> i'm just flabbergasted. i looked at him and said you can't be serious. >> the house speaker says republicans put increased revenues including efforts to close tax loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over t
it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >>...
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Dec 6, 2012
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cliff if republicans don't agree to raising taxes on the rich. all this week, we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today, i spoke a short while ago with former senate majority leader trent lott, author of "herding cats: a life in politics." senator lott, you and senator mitchell wrote op-eds. and offering some solutions. you said one solution is to hold congress at hearings, marking up bills going on legislation. most americans would agree with that but be surprised to hear, i mean, that's their job. i think most of us, you know, would assume, isn't that their job description? >> well, they've slowly slipped away from that over the last four years, i guess, particularly the last two years. t
cliff if republicans don't agree to raising taxes on the rich. all this week, we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today, i spoke a short...
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in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all americans get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big
in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates....
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the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
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a huge package of tax hikes and spending cuts will kick in january one. they spent time blaming each other for not getting serious. in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they
a huge package of tax hikes and spending cuts will kick in january one. they spent time blaming each other for not getting serious. in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get
over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my...
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the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be good for them. they have to come tell us. >> house minority leader and democrat nancy pelosi also jumping into the fray. she's renewed threats
the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just...
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timothy geithner said there's no deal unless republicans agree to raise taxes on the wealthy. republicans are furious. they don't like democrats drawing a red line in the sand. president obama and the gop leaders have only held one face-to-face meeting on the fis calgary cliff since the election. that meeting took place more than two weeks ago. >>> the military trial of private bradley manning will stop fou now and resume in a month. that's what a military judge decided today. the delay is to give time for more of what the court calls pretrial proceedings. manning is accused of releasing u.s. military secrets through the website wikileaks. if convicted in a court-martial, he could get life in prison. >>> pope benedict is joining twitter officially. he launches his own internet account tomorrow. that's according to the vatican. a church official tells cnn that the pope will compose all of his tweets himself. no word yet on what he's chosen for his twitter account name. >>> it is a sight no one has ever seen before,en image few expected they ever would see. a same-sex couple get
timothy geithner said there's no deal unless republicans agree to raise taxes on the wealthy. republicans are furious. they don't like democrats drawing a red line in the sand. president obama and the gop leaders have only held one face-to-face meeting on the fis calgary cliff since the election. that meeting took place more than two weeks ago. >>> the military trial of private bradley manning will stop fou now and resume in a month. that's what a military judge decided today. the...
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over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m] you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a m
over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m]...
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president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hass
president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets?...
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans are screaming bloody murder about this 3.6%. what if we were all to chip in a little more. we need taxes, we need government programs, particularly the ones that use the scale and scope of government to get better deals and greater efficiency than the private enterprise can achieve. now, despite what you're being told, taxes as they stand are not an impediment to our long-term economic growth. not getting a grip on government spending will be an impediment. the solution can be found by looking for
today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most...
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i am taken aback at how dedicated president obama is about raising taxes on just 2% of our population, showing amazing amount of resolve to raise taxes on a group of people that won't make a significant dent in our annual deficit or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't have a ton of leverage. they want to try to achieve a deal that they think is going to maximize potential good for the country, meaning spending reform, budget deficit reduction, but the truth is that they don't have a ton of leverage in forcing president obama to take a look at medicare and social security to bring this conversation full circle that really mean serious budget and deficit reform. >> well, i'm sure that the majority of americans are hoping the two sides will come to some sort of deal. wouldn't that be nice? that would be a nice christmas present. will cain, thank you. >> yeah, you
i am taken aback at how dedicated president obama is about raising taxes on just 2% of our population, showing amazing amount of resolve to raise taxes on a group of people that won't make a significant dent in our annual deficit or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't...
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rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners, so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house and recent cnn/rnc polling shows more than 2 in 3 support tax hikes for the wealthy. u.s. a reality that republicans will grapple with from now until new year's day. joining me, congressman tom cole from oklahoma. a republican. thank you for joining us. >> thank you. >> your proposal, republican lawmakers should agree with democrats, exstand the tax breaks for those making $250,000 or less, before the end fortunate year, deal with the tax rates for the wealthiest later. an idea that a lot of republicans are resisting. what kind of pushback are you getting? >> the reaction is mixed. some support it. some don't. some have more questions about it. but, look, the issue really is pretty simple. i don't believe in raising tax rates on anybody. i think it's bad for the economy. bad for job creations. ultimately by slowing down growth cuts revenue, and the president needs to co
rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners, so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house and recent cnn/rnc polling shows more than 2 in 3 support tax hikes for the wealthy. u.s. a reality that republicans will grapple with from now until new year's day. joining me, congressman tom cole from oklahoma. a republican. thank you for joining us. >> thank you....
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president obama wants to raise taxes on the wealthiest 2% of americans as speaker boehner lashes out over his budget plan. >>> hillary clinton is the lead candidate for 2016, a new poll shows. she keeps saying no, no, no. but will she heed the call? >> yes, yes, yes, yes, yes. >>> new details on the murde murder/suicide involving kansas city chief jovan belcher. what the 911 calls reveal about the slaying of his girlfriend. >>> what you should absolutely stay away from. >>> packed show for you this morning. jeb henserling is joining us. american federation of teachers and our guest as well is randi weingarten. "starting point" begins right now. >>> morning. welcome, everybody. our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about re
president obama wants to raise taxes on the wealthiest 2% of americans as speaker boehner lashes out over his budget plan. >>> hillary clinton is the lead candidate for 2016, a new poll shows. she keeps saying no, no, no. but will she heed the call? >> yes, yes, yes, yes, yes. >>> new details on the murde murder/suicide involving kansas city chief jovan belcher. what the 911 calls reveal about the slaying of his girlfriend. >>> what you should absolutely stay...
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cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think most economists would agree that there is often more advantages in capping deductions than in just going for the rates, but i think there's a real political advantage for democrats looking ahead to battle after battle that we'll face down the road in getting republicans to cross that red line. it's sort of a scout, you might say. >> thank you both very much. >>> the united states opposed today's u.n. vote on the palestinian observer state. senator bob menendez saying it could inflame passions throughout the region. welcome to you, senator. >> good to be with you. >> explain to me why you feel so stro
cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think...
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speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that you'll have to accept some compromise on tax rates? >> the revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker. roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has to be included in this level deal at this time? >>
speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that...
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. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from reporters across capitol hill. president obama doesn't like doing these things. he doesn't like the personal interaction. and he certainly isn't one known to set aside his grudge. so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, wh
. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from...
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taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are offering a disastrous thelma and luiz strategy that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. th
taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin...
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president obama won the issue. how can republicans oppose cutting taxes for 98% of the american people? that's what this is going to come down to if it goes beyond january 1st. and i think republicans are going to cave again if that happens. so the smart move is take taxes off the table. and then the only thing left is what will the president do on spending and entitlements. don't forget, wolf and paul, none of this tax talk has any impact on the sequester. unless they cut spending, we are still facing massive cuts to the pentagon, doctors and hospitals. taxes are a separate debate. solve it, settle it and then we can focus on spending before december 31st. >> hold your fire, paul. we're going to continue this conversation. we have more to talk about. should president obama back off plans to nominate susan rice, for example, as the next secretary of state? who are his other options? are republicans secretly plotting for one of their own? more with ari and paul when we come back. can i help you? i heard you guys can
president obama won the issue. how can republicans oppose cutting taxes for 98% of the american people? that's what this is going to come down to if it goes beyond january 1st. and i think republicans are going to cave again if that happens. so the smart move is take taxes off the table. and then the only thing left is what will the president do on spending and entitlements. don't forget, wolf and paul, none of this tax talk has any impact on the sequester. unless they cut spending, we are...
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Nov 29, 2012
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a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest...
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i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax
i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so...
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Nov 29, 2012
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but tom cole urged republicans to take the obama deal right now. here is the clip quickly. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn, someone like boehner is the right leader for the party, or someone more like what cole is saying? >> there is a strategy to putting together a deal and that goes for, in washington, d.c. or, you know, in your private life. and that is you don't give the other side everything they want and then negotiate the rest of the deal. that's sort of a problem. you have things that they want, things that you want and you have to sort of bring them together and force people to give things that they don't want in order to get the things that they do. and when you give the folks the
but tom cole urged republicans to take the obama deal right now. here is the clip quickly. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn,...
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Dec 6, 2012
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part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...
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Dec 5, 2012
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but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected republican house since 1928. that happened i think because we showed we actually were serious people willing to take the heat, wil
but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended...
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Nov 30, 2012
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cover 60 and carry 60% of the tax burden. what is fair? 100%? if you took -- if republicans agreed today with president obama's suggestion to do this -- raise the money on the rich, the job creators, i call them job creators and growth creators, you call them the evil rich or whatever, we would be -- save enough money or raise enough revenues to run the government for eight and a half days. that doesn't make any sense. plus, the president is announcing that he doesn't even want to put it towards deficit spending. he wants to do new spending, new stimulus, new infrastructure, new education. there's not one word of entitlement reform, social security reform, medicare reform. the structural debt. let me tell you what the leverage is, cornel. you want to know what the heart of the electorate is? it's the senate democrats who are elected in the last midterms and the senate democrats that were elected this time on a debt reform, spending reform, entitlement reform. those are your senate democrats who couldn't even pass something th
cover 60 and carry 60% of the tax burden. what is fair? 100%? if you took -- if republicans agreed today with president obama's suggestion to do this -- raise the money on the rich, the job creators, i call them job creators and growth creators, you call them the evil rich or whatever, we would be -- save enough money or raise enough revenues to run the government for eight and a half days. that doesn't make any sense. plus, the president is announcing that he doesn't even want to put it...
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Dec 3, 2012
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the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican mary bono mack will join us as well. also, carlos gutierrez. former giants runningback tiki barber is with us in the studio. it's monday, december 3rd, and "starting point" begins right now. welcome, everybody. our team joining us around the table. barbara starr, cnn's pentagon correspondent. we were talking this morning, it has been literally four years since we've seen each other in person. >> last time i saw you was inauguration day. >> we talk all the time. in person, four years. kamau bell is a median. new york congresswoman nan hayworth. alina cho sticking around to h
the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican...
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Dec 4, 2012
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president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that americans buy over the holidays including electronics, clothing and furniture. the national retail federation is urging president obama to step in and end the strike. in a letter to the president, the nrf says, quote, the shutdown is already having a significant negative economic impact on retailers, trying to bring in merchandise for their final push for the holiday sales and will soon have an impact on consumers. now, while i agree the strike will affect consumers eventually, we found that most of the stuff you'll purchase in time to give as gifts for the
president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that...
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Nov 29, 2012
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raising taxes on the wealthy is easy. >> it is hard to do and you can't do it on a partisan basis. this election did not produce a mandate for president obama or our democratic friends, we have got exactly the same thing we had before the election which is divided government. >> he has more people in congress than he had before and he did win the election and he was clear he wanted to raise taxes on the rich. >> we have got divided government, neither party could do what they want to alone, like the first two years that obama was president, we got obama care and other pieces of legislation. i think people want well thought out negotiated bipartisan solutions to the problem. you don't get that when the president has no plan to close that hole and to deal with medicare and social. and he spends his time not around the negotiating table, but rather conducting rallys outside of town. i just think he's not serious about this. >> the president has said he would support raising the age for medicare coverage for a ten-year period. >> he has said a lot of things at different times, but he h
raising taxes on the wealthy is easy. >> it is hard to do and you can't do it on a partisan basis. this election did not produce a mandate for president obama or our democratic friends, we have got exactly the same thing we had before the election which is divided government. >> he has more people in congress than he had before and he did win the election and he was clear he wanted to raise taxes on the rich. >> we have got divided government, neither party could do what they...
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they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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republicans have put some proposals on the table moving in barack obama's direction. i don't know exactly what the game that tim geithner was playing yesterday. not only, and thank you, erin, for getting some of this math right. the president said 2.5 for every tax increase and yesterday he came up with $4 of new taxes for every dollar of spending cuts. that's when john boehner simply said we're nowhere. >> ethan, don't the republicans if they want to break this stalemate, maybe what the president's doing is saying these are the cuts i want to make, so guys, why don't you come up with the rest? >> i don't think that's really a fair criticism. republicans have passed the budget that paul ryan put together. now, you may not agree with that budget, but it does outline specific cuts. republicans are on the record for those and would probably say here's our list of cuts, mr. president. where's your list? >> the president has other things he may not have included. ethan, so the republicans say fine, take it from paul ryan's budget. but don't they owe him a list? >> they do.
republicans have put some proposals on the table moving in barack obama's direction. i don't know exactly what the game that tim geithner was playing yesterday. not only, and thank you, erin, for getting some of this math right. the president said 2.5 for every tax increase and yesterday he came up with $4 of new taxes for every dollar of spending cuts. that's when john boehner simply said we're nowhere. >> ethan, don't the republicans if they want to break this stalemate, maybe what the...
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republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just don't see it. you know, don, i was thinking a couple of weeks ago they would certainly reach an agreement, we wouldn't fall off the fiscal cliff, that people's taxes wouldn't go up in january. but now i'm not so certain about that. as you look at the negotiations so far and, look, my sources are on the republican side of the aisle, but what they're saying to me is this president doesn't want to deal from us, he want a surrender from us. so far what has been offered as jessica said has really been, you know, poison to the republicans. i'm not going to agree to a deal that raises taxes by $4 for every dollar of
republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just...
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president obama continues to insist any deal must include a tax break increase on the top 2% of wage earners, which republicans, we well know, just as firmly insist, that is a nonstarter in these cliff negotiations. another element to this fight now, which is important, is the debt ceiling. it's likely the country will come up against that marker again early next year, laying the groundwork for another potentially bitter, bruising, and damaging battle between congress and the white house. we know how well that went last summer when we filed a debt ceiling fight. the proposal offered by treasury secretary timothy geithner last week to republicans would change the rules as it relates to the debt ceiling, giving more power to the president and making it harder for congress to block a debt ceiling increase in the future. the president clearly wants to take the threat of this continued fight on the debt ceiling off the table. listen to the president yesterday. >> if congress, in any way, suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default
president obama continues to insist any deal must include a tax break increase on the top 2% of wage earners, which republicans, we well know, just as firmly insist, that is a nonstarter in these cliff negotiations. another element to this fight now, which is important, is the debt ceiling. it's likely the country will come up against that marker again early next year, laying the groundwork for another potentially bitter, bruising, and damaging battle between congress and the white house. we...
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Dec 3, 2012
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obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we
obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the...
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Dec 1, 2012
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president obama shared his plan gug a $1.6 trillion tax increase, part of which will come from increasing taxes on the wealthy. republicans have called that option a non-starter. >> rival protests are under way in egypt's capital right now. thousands of demonstrators have packed the streets around cairo university today to show support for president mohamed morsi. >> just across the nile river the opposition has been urging its followers to come out to tahrir square to protest morsi's expanded powers but so far it's been a future smaller power there. egyptians will vote meanwhile on a new constitution in two weeks. >> south korea has a warning for north korea. it says pyongyang can expect a strong response if it goes ahead with a plan to launch a rocket this monk month. another rocket launch attempt by north korea failed. that was in april. a so-called proposed doover a severe provocation. pyongyang says that it wants to sent a satellite into orbit but the u.s. and south korea suspect it's a cover for ballistic missile tests. now if you're really, really in the mood to shop this weekend,
president obama shared his plan gug a $1.6 trillion tax increase, part of which will come from increasing taxes on the wealthy. republicans have called that option a non-starter. >> rival protests are under way in egypt's capital right now. thousands of demonstrators have packed the streets around cairo university today to show support for president mohamed morsi. >> just across the nile river the opposition has been urging its followers to come out to tahrir square to protest...
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part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with ourselves. >> and step three? the debt limit. >> i will not play that game. >> because we've
part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they...
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there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day. >>> a $4.1 million modernization project at los angeles international airport wouldn't be complete without a caviar bar, along with 18 new state of the art boarding gates, the airport is adding 50 premiere luxury and dining outlets. the airport is adding a caviar and champagne bar. >> really? >> why, you ask? one of the chief developers explains the way you capture the flavor of a city is through its food. hello! >> top 1%. >>> if you're away from your television right now, running around the house, getting ready for work, come on over. take 30 seconds. nasa just released these stunning pictures of earth at night.
there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day....